Uranium Energy Corp (NYSE American: UEC), the "Company" or "UEC", is pleased to report that it has filed its quarterly report on Form 10-Q for the quarter ended October 31, 2024 with the U.S. Securities and Exchange Commission (the "SEC"). The Form 10-Q filing, which includes the Company's interim condensed consolidated financial statements, related notes thereto and management's discussion and analysis, is available on the Company's website at www.uraniumenergy.com and at www.sec.gov.
"This quarter highlights UEC's ability to execute on key initiatives that strengthen our production capabilities in addition to expanding our asset base. Our progress underscores the scalability of our U.S. In-Situ Recovery operations, while also advancing our strategic presence in Canada," stated Amir Adnani, President and CEO.
"Our financial position remains a core strength, with over $350 million in liquid assets and no debt as of October 31, 2024. This provides the flexibility to accelerate our production growth plans in a rapidly tightening uranium market," Mr. Adnani continued.
Christensen Ranch and Irigaray Operations
Christensen Ranch Mine Units 8 and 10 were commissioned in August and September 2024 with flow now sustained at >3,000 GPM. During this quarter, approval was received from the Wyoming Department of Environmental Quality to increase licensed production capacity at its Irigaray Plant to 4.0 million pounds annually.
The workforce for Wyoming operations is now 50 employees. Wells in new production modules have been completed with surface construction underway expected to add fresh production early in 2025.
Burke Hollow Project
Construction has commenced at Burke Hollow Project with development work including installation of injection and recovery wells. Additional infrastructure advancements included road construction and power installation into the project site.
About Uranium Energy Corp
Uranium Energy Corp is America's largest supplier of uranium needed for nuclear energy production. The Company advances low-cost ISR mining projects in the United States and high-grade conventional projects in Canada with two ready ISR platforms anchored by operational Central Processing Plants served by seven U.S. ISR uranium projects.
Safe Harbor Statement
The information presented constitutes "forward-looking statements" under applicable securities laws involving risks that may cause actual results to differ materially from those anticipated due to factors beyond control or prediction by Uranium Energy Corp.